EconomyPrice of the dollar today in Mexico: Know here...

Price of the dollar today in Mexico: Know here how much the exchange rate is this Friday, August 5

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The price of the dollar in Mexico operates lower on Friday, amid a lower aversion to risk assets that translated into a decline in the dollar in global markets.

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What is the price of the dollar today in Mexico?

The US currency was trading lower and the exchange rate is trading at 20.33 pesos per dollar, according to data from the Bloomberg agency.

What is the Mexican peso?

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The Mexican peso is the official currency of Mexico and the fifteenth most traded currency worldwide, as well as the third in the region, below the US dollar and the Canadian dollar.

The Mexican currency was the first to use the ‘$’ sign which was later popularized by the United States with US dollars. Also, since 1993 the abbreviation for the Mexican peso is ‘MXN’.

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In Mexico, one peso is equivalent to 100 cents and there are coins of 1, 5, 10 and 20 pesos, as well as bills of 20, 50, 100, 200, 500, and 1,000 pesos.

Why did it close higher?

At a regional level, most Latin American currencies were trading higher on Thursday, while stock markets in the region exhibited a mixed performance, amid lower aversion to risk assets that translated into a decline in the dollar in global markets.

According to the Reuters agency, the dollar fell against most major currencies, at a time when the positive impact of the Federal Reserve’s comments was fading and investors were waiting for more signs on the data front to confirm that More rate hikes are coming to curb inflation.

The Bank of England made the biggest rate hike in 27 years, despite warning of a long recession looming, as it scrambles to stifle a surge in inflation already above 13%.

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The markets were attentive to news about the tension created between China and Taiwan after the visit made to the island by the president of the United States House of Representatives, Nancy Pelosi, and awaiting figures for US non-agricultural employment that will be released to meet on Friday.

Source: Elcomercio

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